Quote:
Originally Posted by retiredguy123
A financial advisor or insurance salesperson is not required to be a fiduciary. And, on his website, I didn't find anything that says he is a fiduciary. In fact, this is an excerpt from his website:
"The calculations do not infer that our company, or the company providing the calculators, assumes any fiduciary duties."
So, he is specifically denying fiduciary duties.
Unless you have a written certification that he agrees to be your fiduciary, I think he will deny it a lawsuit. Any reputable financial advisor who is willing to advise you as a fiduciary will gladly give you a personal letter clearly stating the fiduciary relationship.
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Sounds like we have a plant here defending the indefensible.